Charity number: NIC 100168 Company number: NI 030366 Gas Yard Wall Feile Limited (A company liniited by guarantee) Directors, report and financial statements for the year ended 31 March 2025
Gas Yard Wall Feile Limited (A company limited by guarantee) Contents Page Legal and administrative inforn]atTon Directors Report Independent Examiner's Report Statement of Financial Activities Balance sheet Notes to the accounts 8-13
Gas Yard Wall Feile Limited (A company limited by guarantee) Legal and Administrative Tnformation Charity Name Gas Yard Wall Feile Limited Charity Number NIC100168 Company Registration Number NT030366 Reglstered Office The Old Clinic Fanad Drive Deryy BT48 9QE Directors Sean Collins Donna Mccloskey - Resigned l Oth November 2024 George McGowan Sharon Meenan CÈaran O'Donncll Secretary Nora McGowan - Appointed 16th January 2025 Accountants McGroaty Mccafferty & Company Ltd Accountants and Tax Consultants 2 Carlisle Terrace Derry. BT48 6JX Bankers Bank of Ireland 27 Culmore Road Dery BT48 8JB Page I
Gas Yard Wall Feile Limited (A Lompany limited by guarantee) Director's Report The directors present their report and the fancial statements for the year ended 31 March 2025. Principal Activity The Gasyard Wall Féile is a year rouiid cultural programme based in the Bogside /Brandywell areas but with activities and events taking place throughout the Triax Renewal area and the wider Deny City & Strabane District Council area. Directors and their interests The diiectors of the charity for the purposes of charity law and throughout this report are collectively referred to as the directors. The directors serving during the year and since the year end were as follows: Sean Collins Sharon Meenan Ciaran ODonnell George McGowan Donna Mccloskcy - Resigned l Oth November 2024 Structure? governance and management The orgaIiisation is a compajiy with charitable status. The entity was forrned on 4th March 1996. The company was established under Memorandum & Articles of Association which outlined the area of benefit atid the objects of the charitable organisation. AII members of B0d give their time voluntarily and received no benefits from the charity. The board of directors meets as required and is responsible for policy, strategic direction and overall govemauce. Risk Management The directors have a risk management strategy which consists of establishing a system of identifying risks and mitigating such risks. Financial reTriew The financial performance is summarised on pages 5 to 13. Directors Responsibilities In Relation To The Financial Statements The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial staten)ents for each fInancial year that give a true and fair view of the state of the affairs of the Chlty at the end of the financial year and of its surplus or deficit for the financial year. In doing so the directors are required to.. select suitable accounting policies and apply them consistently; - observe the methods and principles in the Charities SORP (FRS 102). - make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; P9trp. 2
Gas Yard Wall Feile Limited (A company limited by guarantee) Directors Report ..continued prepare the financial stateTnents on the going conceni basis unless it is inappropriate to presuine that the charity will continue in business. The directors are responsible for maintaining proper accounting recoi'ds which discIose witb reasonable accuracy at any time the fInancial position of the charity and enabl¢s them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This i'eport is prepared in accoi'dance with the special provisions of part 15 of the Companies Act 2006 relating to small companics. This report was approved and authorised for issue by the Board on I l November 2025 and signed on its behalf by Director Director
Gas Yard Wall Feile Limited (A company Ilmited by guarantee) Independent examiner's report on the unaudited financial statements to the directors of Gas Yard Wall Feile Limited We report on the accounts of the company for the year ended 31 March 2025, which are set out on pages 5-13. Respectfive responsibilities of charity directors and examiner. As the charity directors you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied ourselves that the charity is not subject to audit under company law, and is eligible for independent examination, it is our responsibility to; examine the accounts under section 65 of the Charities Act 2008. follow the procedures laid down in the general directions givell by the Charity Commission for Northern Ireland under section 65(9)(b) of the Chartties Act 2008. state whcther particular matters have come to our attention. Basis of independent examiner's report We liave examined your charity accounts as required under section 65 of the Charities Act and our examination was ¢Tled out in accoi'dance witb the general directions given by the Charity Commission for Northern Treland under Section 65(9)(b} of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included a consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity directors concerning any such mattels. Our role is to state whether any material matters have come to our attention giving us cause to believe". that accounting records were not kept in accordance with section 3 86 of the Companies Act 2006; that the accounts do not accord with those accounting records. that the accounts do not comply with the accounting requirements of the Section 396 of the Companies Act 2006 and the methods and principles of the Cbarities Statement of Recommended Practice appli¢abl¢ to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of li'eland. - that there is further infonnation needed for propcr undcrstanding. Independent examiner's statement We have completed our examination and have no concerns in respect of the matters listed above and, in connection with the following directions of the ChltY Con]mission for Northern Ireland, we have found no matters that require drawing to your attention. McGroarty, Mccafferty & Company Ltd Accountants & Tax Consultants 2 Carlisle Terrace Derry BT48 6JX Date: I l November 2025 Paoe 4
Gas Yard Wall Feile Limited (A company limited by guarantee) Statement of Financial Actfivities for the year ended 31 March 2025 Year Ended 2025 Unrestricted Funds Year Ended 2024 Restricted Funds Income and Expenditure Notes Incoming Resources Yoluntary Income.. Graiits & Sundry Income Total Incoming Resources 36,479 341,525 378,004 499,860 36,479 341,525 378,004 499,860 Resources Espended Management & Admillistration Total Resources Expended 11,016 347,019 358,035 486,540 1,016 347.019 358.035 486,540 Net Incoming l (Outgoing) Resources 25,463 (5,494) 19,969 13.320 Balances brought fonvard l April 2024 66,025 13,290 79,315 65,995 Balances carried forward 31 March 2025 91,488 7,796 99,284 79.315 The above amounts relate to continuing operations of the charity. The cbaTity has no recognised gains and losses other than those included in the results above and therefore no seperate statement of total recogmised gains and losses has been presented.There is no difference between the net inLoming resources for the year stated above and their historical cost equivalents. Page 5
Gas Yard Wall Feile Limited (A company limited by guarantee) Balance sheet as at 31 March 2025 2025 Notes 2024 Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand 1,726 7,299 143,895 10.102 206,862 5.894 153,997 212,756 Current liabilities Bank loans and overdrafts Other creditors Accruals 15,111 21,350 19,978 9,248 40,798 90,694 56,439 Net current assets 140.740 97,558 Total assets less current liabilities 72,016 99,284 79,315 Funds Unrestricted funds Restricted funds 91,488 7,796 66,025 13,290 Total funds 99,284 79,315 Paee 6
Gas Yard Wall Feile Limited (A company limited by guarantee) Balance sheet (continued) Directors, statements required by Sections 475(2) and (3) for the year ended 31 March 2025 In approving these financial statements as directors of the company we hereby ¢onfimi." The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small ompanies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of thc Companies Act 2006 with respect to accounting records alld preparation of a¢counts. These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small Companies regime and in accordance with SORP (FRS102). The financial statements were approved and authorised for issue by the Board on I l November 2025 and signed on its behalf by Director Director Date." 11 November 2025 Date: I l November 2025 Registration No: N1030366 PaEe 7
Gas Yard Wall Feile Limited Notes to the accounts for the year ended 31 March 2025 General Anformation The company is a private company limited by guarantee, registered in Northern Ireland. The address of the registered office is The Old Clinic, Fanad Drive, Derry, Northern Treland, B T48 9QE. 1.1. Accounting convention The principal accounting policies adopted in the prepardtloll of the fmancial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts. The financial statements have been prepared in accordance with Accounting and ReportiT]g by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporttng Standard applicable in the UK and Republic of Ireland Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Companies Act 2006 and the Charities Act (ND 2008. The financial statements are prepared on a going concern basis under the historical cost convention. modified to included certain items at fair value. The fmancial statements are presented in stei'ling which is the functional currency of the charity. Fund accounting Unrestricted funds are available for use at the discretion of the directors in furtherance of the general objectives of the charity. Designated funds are unresticted funds eamiarked by the managemeT]t committee for particular purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of appeal. Incoming resources All incoming resources are included in the staternent of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Voluntary income is received by way of ants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific perfonnance by the charity, are recognised when the chartty becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included. Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold. 1.4. Resources expended Expenditure is recognised on an accrnal basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to whieh it relates. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to StJL'h activities and those costs of an indirect nature necessary to support them. Page 8
Gas Yard Wall Feile Limited Notes to the accounts for the year ended 31 March 2025 Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to writc off the cost or valuation less residual value of each asset over its expected usefvl life, as follows- Fixtures & Fittiings 20 /0 Straight Line Incotne 2025 2024 Restricted Income Department of Foreign Affairs Fulure Screens NI Rio Ferdinand Foundation Volunteer Investment Progran]me Radius Housing Department foi. Communities TEO - Urban Village TEO - Streets Alive TEO - Commuiiities in Transition TEO - Good Relations Deny City & Strabane District Council 20,534 24,856 1,100 1,843 6,500 25,022 16,500 18,500 126,635 70.652 29,383 20,037 254,396 154.294 6,950 341,525 479,576 Unrestricted Income Donations & Project Income 36,479 20,284 36,479 20,284 Total Income 378,004 499,860 (i) Restricted Funds Funds received which are eannarked by the Funder for specific purposes. Such pUoseS are within the overall aims of the organisation. (11) Unrestricted Funds Funds which are expendable at the discretion of the company in furtherance of the aims of the charity. In addition funds may be held in order to fmance Capital investment and working capital. Paoe 9
Gas Yard Wall Feile Limited Notes to the accounts for the year ended 31 Marcb 2025 Resources Expended Unrestricted Funds Restricted Funds Total 2025 Total 2024 Management & Administration Staff costs Hire of sites, equipment & venues Insurance Eventsl Programme Costs Programme printing & marketing costs Telephone Sundry expenses Siibscriptions Accountancy fees Bank Charges Depreciation 169,317 5,566 2,130 152,-337 10,238 752 169,317 5,566 2,130 161,587 10,238 752 147,263 3,001 1,464 325,346 697 821 34 9,250 201 1,290 275 201 1,290 275 6,679 1,110 346 6,458 6,679 11,016 347,019 358,035 486,540 Net (outgoing)lincoming resources for the Year Year Ended 2025 Year Ended 2024 Net (outgoing)/incoming resources is stated after charging.. Depreciation and other amounts written off tangible fixed assets 6,679 6.458 Page 10
Gas Yard Wall Feile Limited Notes to the accounts for the year eDded 31 March 2025 Staff costs Employment costs 2025 2024 Wages and salaries Pension Costs 159,594 9,723 139,048 8,215 169,317 147,263 No employee received emoluments of more than £60,000 (2024: None) The average monthly numbers of employees during the , calculated on the basis of full time equivalents, was as follows: 2025 Number 2024 Number A verage number of employees Taiation As a chlty, Gas Yard Wall Feile Ltd is exempt from on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its chargeable obj¢cts. AcLordingly. no tax eharges have arAsen in the CEity. Page 11
Cas Yard Wall Feile Limited Notes to the accounts for the year ended 31 March 2025 Tangible red assets Equipment Total Cost At l April 2024 Additions 32,291 1,106 32,291 1,106 At 31 March 2025 33,397 Depreciation At l April 2024 Charge for the year At 31 March 2025 33.397 24,992 6,679 24,992 6,679 31,671 Net book value At 31 March 2025 At 31 March 2024 31.671 1,726 1,726 7,299 7,299 Debtor5 2025 2024 Grant Income due 143,895 206,862 Creditors: amounts falIing due within one year 2025 2024 Other creditors Bank loans and overdraft Ae¢ruals & derCed incom¢ 10,000 15,111 31,328 19,130 9,248 112,362 56,439 140,740 Page 12
Gas Yard Wall Feile LAmited Notes to the accounts for the year ended 31 March 2025 Movements in Funds At At l April Incoming Outgoing 31 March 2024 resources resources 2025 Restricted funds: Total restricted funds Unrestricted funds: Total unrestricted funds Total funds 13,290 341.525 (347,019) 7,796 66,025 36,479 (11,016) 378,004 (358,035) 91,488 79,315 99,284 Purposes of Restricted Funds Restricted grants awarded to the charity is provided to cover the core objects as explained in directors report. 10. Related Party Transactions There were no related paty transactions ill period under review. ii. Limited by Guarantee Gas Yard Wall Feile Limited is a company limited by guarantee and accordingly does not have share capital. 12. Controlling interest Ultimate control of the charitable company lies with the directors. Page 13